Oil advanced after slumping by more than 7% on Monday, as reports of fresh military strikes in Iran clouded the outlook for an interim deal between Tehran and Washington to reopen the Strait of Hormuz.
Geopolitics Bloomberg May 25, 2026
Oil Advances as Strikes Near Strait Cloud Outlook for Iran Deal
Oil advanced after slumping by more than 7% on Monday, as reports of fresh military strikes in Iran clouded the outlook for an interim deal between Tehran and Washington to reopen the Strait of Hormuz.
